Financial Result for the Quarter and year ended on 31.03.2025
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City Crops Agro Ltd reported FY25 revenue from operations of Rs. 5,591.71 lacs, up about 23.7% from Rs. 4,520.04 lacs in FY24, driven mainly by higher purchases/sales activity. Profit after tax rose modestly to Rs. 247.69 lacs from Rs. 227.98 lacs, while EPS dipped to Rs. 1.52 from Rs. 1.73 because of a larger share base. Total expenses jumped to Rs. 5,333.94 lacs, with other expenses rising to Rs. 90.89 lacs and depreciation negligible. The balance sheet shows equity at Rs. 3,169.92 lacs with virtually no long-term debt (Rs. 2.52 lacs), but trade payables more than doubled to Rs. 574.68 lacs and other current liabilities spiked to Rs. 285.32 lacs. The auditor (VSSB & Associates) issued an unmodified opinion but flagged two emphasis-of-matter items: a Rs. 44 lakh charge in favour of Union Bank of India (Dec 2013) with no supporting documents or liability recorded, and unpaid income tax demands of about Rs. 51.7 lacs for FY23 and FY24 with no interest provision.
Topline growth is healthy and the balance sheet is nearly debt-free, which is positive, but operating cash flow is sharply negative (-Rs. 1,245.49 lacs) and payables are ballooning, signalling stress in working capital. The auditor's emphasis-of-matter notes (unrecorded bank charge and unpaid tax dues) are red flags that shareholders should weigh before investing.